Dec 3, 2003 14:49
20 yrs ago
Spanish term
Colombia
Finance / Trading / Blockchain / Crypto
Native in: German 
Works in: English to German, French to German, Spanish to German, and 2 more.
Sentence
Spanish to English
Bus/Financial
**Las rentas disponibles para el titular del exterior provenientes de sucursales, agencias u otros establecimientos permanentes en el país no están afectas al Impuesto a la Renta.** Se entiende por renta disponible de los citados establecimientos permanentes, su renta neta incrementada por los intereses exonerados de impuestos y por los dividendos que hubieran percibido en el ejercicio, y disminuida en el monto del impuesto pagado, en cumplimiento de las normas del artículo 55º de la Ley; estas entidades deberán presentar declaración jurada por sus rentas de fuente peruana, en la que deberán incluir el impuesto retenido cuando les hubiera correspondido actuar como agente de retención de acuerdo con el artículo 71º de la Ley.
I want to make sure that I get this important sentence right: Does it mean “Income received in the country [in Peru] by branches, offices or other permanent establishments of foreign companies is not subject to Income Tax”??? Would this make sense??? It seems strange to me that they don’t have to pay Income Tax. Or do I misunderstand something?
I want to make sure that I get this important sentence right: Does it mean “Income received in the country [in Peru] by branches, offices or other permanent establishments of foreign companies is not subject to Income Tax”??? Would this make sense??? It seems strange to me that they don’t have to pay Income Tax. Or do I misunderstand something?
Proposed translations
+2
38 mins
Marian Greenfield
Native in English
Over 30 years in financial translation
Native in: English
Works in: Spanish to English, Portuguese to English, English
Related KudoZ points
:
14621
Selected
Income available to foreign owners deriving from branches, offices or other permanent establishments
... in Peru not subject to Income Tax.
Reference:
20 years in the business - most of it managing translation service for an investment bank
4 KudoZ points awarded for this answer.
Comment: "Thank you all!"
+1
28 mins
María Eugenia Wachtendorff
Chile
Chile
Native in Spanish
Chile
40 Years Business, Legal, Certificates
Native in: Spanish
Works in: English to Spanish, Spanish, Spanish to English
Related KudoZ points
:
3887
is not subject to income tax
Income available to a principal residing abroad, from branches, affiliates, and other permanent establishments in Peru, is NOT subject to Income Tax.
I think this is it.
Luck!
mew
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Note added at 35 mins (2003-12-03 15:24:57 GMT)
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Please phrase the sentence appropriately, Olaf. I just wanted to make sure I was interpreting it right.
I am sure. Foreign mother companies do not have to pay income tax in Chile either, because their branches and affiliates pay here.
5 mins
They do have to pay
If I'm not mistaken, this is a case of "doble imposición" - and there exists a convention specifically to avoid double tax payments.
In the rest of the text is states twice that the branch, agency, etc. abroad already withholds the tax amount and has paid tax at source.
I think it refers to this.
y disminuida en el monto del impuesto pagado,
en la que deberán incluir el impuesto retenido cuando les hubiera correspondido actuar como agente de retención de acuerdo con el artículo 71º de la Ley.
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Note added at 47 mins (2003-12-03 15:36:19 GMT)
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Right - They don\'t have to pay, of course.
That\'s what I mean by saying that any taxes have already been withheld or paid at source.
(twice in the text)
SO how do I head my answer?
By saying the opposite!! Brilliant!!!
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Note added at 2 hrs 4 mins (2003-12-03 16:54:12 GMT)
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Right - They don\'t have to pay, of course.
That\'s what I mean by saying that any taxes have already been withheld or paid at source.
(twice in the text)
SO how do I head my answer?
By saying the opposite!! Brilliant!!!
In the rest of the text is states twice that the branch, agency, etc. abroad already withholds the tax amount and has paid tax at source.
I think it refers to this.
y disminuida en el monto del impuesto pagado,
en la que deberán incluir el impuesto retenido cuando les hubiera correspondido actuar como agente de retención de acuerdo con el artículo 71º de la Ley.
--------------------------------------------------
Note added at 47 mins (2003-12-03 15:36:19 GMT)
--------------------------------------------------
Right - They don\'t have to pay, of course.
That\'s what I mean by saying that any taxes have already been withheld or paid at source.
(twice in the text)
SO how do I head my answer?
By saying the opposite!! Brilliant!!!
--------------------------------------------------
Note added at 2 hrs 4 mins (2003-12-03 16:54:12 GMT)
--------------------------------------------------
Right - They don\'t have to pay, of course.
That\'s what I mean by saying that any taxes have already been withheld or paid at source.
(twice in the text)
SO how do I head my answer?
By saying the opposite!! Brilliant!!!
Discussion